Monday, 24 November 2014
Last updated 2 days ago
Mar 1 2012 | 11:55am ET
Canada's Waratah Advisors is looking beyond that country's borders with the launch of a pair of offshore funds.
The Toronto-based firm unveiled the offshore versions of its Waratah One and Waratah Performance funds last month. Both employ market-neutral strategies, with Performance having a more concentrated portfolio; the funds returned 5.8% and 5.6%, respectively, last year.
The US$300 million firm elected to create offshore funds to run concurrently with the existing products in response to demand from outside Canada, HFMWeek reports. The funds launched with US$50 million in initial assets, including capital from a large institutional investor in New York.
Nov 4 2014 | 9:45am ET
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